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Honda to raise prices of Brio, Jazz, City cars

by fwire  Sep 24, 2012 22:45 IST

#Business   #markets   #NewsTracker  

REUTERS - Honda Motor Co will raise the price of its three most popular cars in India by as much as 2.6 percent from October 1 due to rising input costs, high inflation and the impact of a recent hike in diesel prices, the Japanese carmaker's Indian unit said.

The prices of Honda's Brio, Jazz and City cars will be increased by 0.2 to 2.6 percent, the company said in a statement on Monday, without providing further details.

India's monthly car sales fell in August for the first time in ten months, as a gloomy economic outlook and high interest rates dampened demand.